Economy Trump's April 2nd Tariffs

[JudoThrowFiasco]

Tbf if people become desperate and crime goes up as a result it could become your problem.

Toronto has higher MW, more social spending and higher taxes -- and property crime and theft is 25% higher than Detriot or NY.

In fact crime rates have gone down since reganism / neoliberalism benefited the top quintile / decile compared to the higher taxation and less wealth gap of the 70's and prior

So you let me know when exactly that breaking point happen and I'll invest in hunter killer drones with poverty targets

 

[JudoThrowFiasco]

Then why do so many of them place tarrifs on the US?

Because natural resources and agriculture workers had a powerful domestic lobby and wanted their shit protected

 

[The Diplomat]

Then why do so many of them place tarrifs on the US?

It's an economical balance of "you guys are 20x our size/power/economical strength, so we need to get more out of the deal because we're poor"

And it makes sense, because we want their trade, resources, etc. So we pay extra, because we can afford it.

Anyone taking Trump's policies seriously needs to educate themselves. But that's probably liberal indoctrination.

 

[The Diplomat]

All of a sudden, people are going to be shocked that China owns all of Africa and its resources.

That's been happening in front of us for over 10 years.

 

[CantCucktheTuck]

It's an economical balance of "you guys are 20x our size/power/economical strength, so we need to get more out of the deal because we're poor"

And it makes sense, because we want their trade, resources, etc. So we pay extra, because we can afford it.

Anyone taking Trump's policies seriously needs to educate themselves. But that's probably liberal indoctrination.

Everyone has seen what your educated policies have done to this country.

 

[JudoThrowFiasco]

All of a sudden, people are going to be shocked that China owns all of Africa and its resources.

That's been happening in front of us for over 10 years.

No one's shocked and just shows Chinas ability to buy flashy entertainment trumped US soft power attempt of food and medicine.

 

[The Diplomat]

No one's shocked and just shows Chinas ability to buy flashy entertainment trumped US soft power attempt of food and medicine.

Indeed.

China's hard power is building the roads and infrastructure, and literally owning the land.

They're playing the capitalistic imperialist game, when Amerca has been playing good guys, trying to feed, rid diseases, etc.

But if we did that, then the world would look at us as they did during Iraq. Imperialists. And yet China gets a blind eye.

 

[The Diplomat]

Everyone has seen what your educated policies have done to this country.

Kept it the world leader? In GDP and military?

 

[BFoe]

Because they're not my problem. My focus is on maximizing my total income and getting my net income to be as much of my gross income.

The middle class drives the economy, so it is your problem. I don’t know what you do for a living, but unless you’ve got absolute Fuck You money, one cannot add $3000-$5000 per year to people’s expenses and expect things to go well.
People will lose buying power, they will not be able to afford things, whether those things are stock, houses and real estate, cars, luxury goods, groceries FFS, whatever it is. It kills jobs, it causes recessions and depressions, it tanks investments. When the middle class does well, the wealthy also do well.

But if you don’t know this already, you’re certainly not going to learn it from me today on some karate forum, carry on.

 

[JudoThrowFiasco]

Indeed.

China's hard power is building the roads and infrastructure, and literally owning the land.

They're playing the capitalistic imperialist game, when Amerca has been playing good guys, trying to feed, rid diseases, etc.

But if we did that, then the world would look at us as they did during Iraq. Imperialists. And yet China gets a blind eye.

Correct...just don't get how it relates to your original post. Who is going to be shocked and what do tariffs have to do with it?

 

[Hellowhosthat]

Donald Trump’s economic masterplan - UNHERD - Yanis Varoufakis

Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying...

www.yanisvaroufakis.eu

I'm not enough of an economic expert to know if this is BS or not but I found this article by a pretty left wing economic expert who's actually quite in favour of tariffs interesting.

 

[MrShady]

Everyone has seen what your educated policies have done to this country.

You still haven't told me which one is you?

How does it feel to know the guy you worship got cucked by Trudeau. That's a new low

 

[JudoThrowFiasco]

The middle class drives the economy, so it is your problem. I don’t know what you do for a living, but unless you’ve got absolute Fuck You money, one cannot add $3000-$5000 per year to people’s expenses and expect things to go well.
People will lose buying power, they will not be able to afford things, whether those things are stock, houses and real estate, cars, luxury goods, groceries FFS, whatever it is. It kills jobs, it causes recessions and depressions, it tanks investments. When the middle class does well, the wealthy also do well.

But if you don’t know this already, you’re certainly not going to learn it from me today on some karate forum, carry on.

American consumerism is one of the strongest entities in the world (they spend when they shouldnt) and the household debt to gdp ratio has enough leeway it can take an add on; But beyond that, I'm 40 with plenty of open cash -- so when a market dips, I can buy. When housing crashes, I can buy. When people sell good off at discounts, I can buy. Look how the top decile rebounds after a financial crisis over the long term, there's always a strong bounce back. Never let a good crisis go to waste.

Now also factor in the overall differentials between tax cuts plus increase of cost of goods and see if that nullifies or the net income increases.

 

[deviake]

Everyone has seen what your educated policies have done to this country.

 

[rearnakedchoke]

At least trump went hard on Russia with the tariffs also.

 

[The Diplomat]

Correct...just don't get how it relates to your original post. Who is going to be shocked and what do tariffs have to do with it?

The China post was just a rant about general ignorance. Everyone's going to be shocked, and tariffs have nothing to do with it.

 

[nonoob]

And yet they were still doing a better job somehow

The verdict on that isn't final yet.​

 

[The Diplomat]

The verdict on that isn't final yet.​

I'd like some transparency regarding the logistics behind DOGE. How do you define fraud, how do you find it, who is finding it, etc.

And how is nobody bringing up the fact that he named this after his own bitcoin? A clear conflict of interest, meant to inflate its value.

 

[fingercuffs]

It's weird because I'm pretty sure it was just a referendum vote to gauge the populace, it ended up being like 54-46, and the British govt decided to run with it.

Such a massive fuck up, that it'll be Boris Johnson's legacy. Which is sad, because he's the most anti-Russian voice that you guys need. And his name's Boris!

I voted for and admired David for quitting if we left the EU and he resigned as soon as it happened.

I wanted us to leave for local butchers and farmers. It didn't sit well that schools as an example had to tender out to 3 EU companies for business when we should have been looking after our own citizens' businesses?

 

[The Diplomat]

I voted for and admired David for quitting if we left the EU and he resigned as soon as it happened.

I wanted us to leave for local butchers and farmers. It didn't sit well that schools as an example had to tender out to 3 EU companies for business when we should have been looking after our own citizens' businesses?

Ah. And yet, in the long run, leaving hurt citizens more than ever.

That's politics. You heard the publicized/politicized pros and cons, but didn't really hear it all.

Uneducated populaces will elect a fascist if they feel like they're being picked on. It's happened...not too long ago.